Toronto, Ontario / ACCESSWIRE / September 3, 2014 / Laurion Mineral Exploration Inc.
(LME.V) (LMEFF) ("Laurion") is pleased to announce the results
of an independent, expert geological and structural evaluation of the Ishkoday
Property. The Ishkoday Property is located 220 kilometres northeast of Thunder
Bay and 28 kilometres north east of the Town of Beardmore, Ontario.
Dr. Harold Gibson evaluated the base metal and gold
mineralization of the Ishkoday Property and concluded: "The base and precious mineralized zones represent a
pre- to syn-D1 deformation vein system. The base and precious metal enrichment
of altered wall rocks within 10s of metres from the mineralized zones suggest
that (these) zones are the product of a proximal hydrothermal system, and one
main mineralization event. Based on our current understanding of the geology,
and a synvolcanic timing, the base and precious metal veins may be a product of
a transitional, low sulfidation epithermal to VMS system that developed within a
subvolcanic intrusion environment. The extensive development of the mineralized
zones (within a 1km x 3km area), suggests that the veins are a product of a
large, magmatic hydrothermal system and may have greater tonnage potential than
recognized by previous workers."
In addition, Dr. Gibson inferred that mineralized zones occur
predominantly within a massive, coherent, feldspar porphyritic volcanic unit
with a restricted andesite/dacite composition and a calc-alkaline affinity. The
characteristics of the massive feldspar porphyritic host rock are most
consistent with a high level, subvolcanic intrusion(s). Dr. Gibson's
interpretation that the Ishkoday property occupies an area proximal to a
volcanic and hydrothermal center confirms Laurion's confidence in the
prospectivity of the project.
Structural controls on base-metal and gold mineralization were
investigated by Dr. Stefan Kruse of Terrane Geoscience Inc. Dr. Kruse concluded
that, "The association of sulphide zones with extensive haloes of
epidote and sericite alteration and the observation that sulphide zones pre-date
D1 deformation suggests that mineralization is early. Structural repetition of
massive sulphide layers and/or veins was observed within outcrops. In addition,
sulphide zones are notably thickened in fold hinges. The combination of fold
repetition and hinge-zone thickening make fold zones attractive exploration
targets".
Dr. Kruse also notes that the fold-controlled mineralization
commonly plunges 20-60° to the SW. This plunge direction can be used to direct
future drilling and increases targeting confidence at depth.
Cynthia Le Sueur-Aquin, President and CEO of Laurion commented:
"Validation received from Drs. Gibson and Kruse further reinforce our
confidence in the potential of Ishkoday with the suggestion of proximity to a
large volcanic and hydrothermal centre, and clearly supports our strategic
focused approach to developing the Ishkoday providing excellent guidance for the
next phase of exploration.
Our optimistic stance on the Ishkoday has been established
by our record of drilling to date. Shallow drilling has confirmed that
the mineralized zones or mineralized haloes extend for metres possibly hundreds
of metres. Drilling has also demonstrated excellent grades and widening
at depth, with the possibility of greater tonnage potential emanating from a
large magmatic hydrothermal system".
Laurion invites its readers to visit corebox.net site
http://www.corebox.net/node/2437/main-zone, to view the Laurion drilling
database and results in 3D format.
Corebox.net is a website with 3D modeling tool that is
free for mining investors, offering analytical tools that provide absolute
transparency in assisting mining investors visualize drill results and
understand the true significance of drill intercepts that are typically released
only in table format.
About Dr Harold Gibson
Dr. Harold Gibson, B.Sc. (Queen's), M.Sc. (Carleton), Ph.D.
(Carleton) serves as Director of the Mineral Exploration Research Centre (MERC)
and Professor of Volcanology and Ore Deposits at Laurentian University,
Sudbury.
Dr. Gibson joined Laurentian University in 1990, after leaving
a successful 12-year career in the mining exploration industry, where he worked
with Falconbridge Copper, Minnova, and Falconbridge Ltd. Dr. Gibson and his
students have conducted research across Canada, globally and on the modern
seafloor. His field based research focuses on volcanogenic massive sulphide
(VMS) and epithermal ore systems.
Current areas of research include the Paleoproterozoic Flin
Flon and Snow Lake VMS districts, Northern Manitoba and Saskatchewan, the
Archean Noranda VMS District and Abitibi Greenstone Belt of Ontario and Quebec,
the Lau Basin and Tonga/Aeolian arcs, and VMS and epithermal precious metal
deposits of the Mexican Silver Belt. Dr. Gibson has been Member of the Technical
Advisory Board of Falco Pacific Resource Group Inc.
About Dr Stefan Kruse
Dr. Kruse specializes in determining structural controls and
geometry of mineralized systems. His Ph.D. from the University of New Brunswick
focused on polyphase deformation in the Canadian Cordillera. Based on this work
he was awarded the Governor General's Academic Gold Medal and GAC Structure and
Tectonics division Best Ph.D. award. He has extensive technical and project
management experience in structurally controlled U, Au, Cu-porphyry and PGE
deposits.
Dr. Kruse is a registered professional geologist with the
Association of Professional Engineers and Geoscientists of New Brunswick
(APEGNB) and the Professional Engineers and Geoscientists of Newfoundland and
Labrador (PEGNL).
The technical information contained in this news release has
been verified by Joe Campbell, P.Geo., consulting geologist with GeoVector
Management Inc. and a director of Laurion. Mr. Campbell is the project manager
for Laurion's Ishkoday project and is a Qualified Person as defined in "National
Instrument 43-101, Standards of Disclosure for Mineral Properties."
About Laurion
Laurion's Ishkoday Discovery Property is contained within a
100% owned 4,442ha property package, located 220 km northeast of Thunder Bay
with easy access off the Trans-Canada Highway.
Laurion is focused on unlocking the value of the Ishkoday gold
and base metal environment hosted within three base metal trends, 3,000m each in strike length, in a 1km
wide corridor. Laurion is expanding on a legacy of gold production from the
Ishkoday shaft which is hosted in a significant gold environment.
Laurion's balanced and diversified management team is results
driven and has achieved a decade of growth through asset monetization. Laurion's
management objective is to advance the Ishkoday Discovery Property from
discovery to value creation to exit strategy.
FOR FURTHER INFORMATION, CONTACT:
Laurion
Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President
Tel:
1-855-788-9186
Tel: 1-705-788-9186
Fax: 1-705-788-9187
Website: www.laurion.ca
Neither the TSX-V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX-V) accepts responsibility for the
adequacy or accuracy of this news release.
This news release includes certain forward-looking statements
concerning the future performance of Laurion's business, operations and
condition, as well as management's objectives, strategies, beliefs and
intentions. Forward-looking statements are frequently identified by such words
as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and
similar words referring to future events and results. Forward-looking statements
are based on the current opinions and expectations of management. All
forward-looking information is inherently uncertain and subject to a variety of
assumptions, risks and uncertainties, including the speculative nature of
mineral exploration and development, fluctuating commodity prices, competitive
risks and the availability of financing. Actual events or results may differ
materially from those projected in the forward-looking statements and Laurion
cautions against placing undue reliance thereon. Laurion and its management
assume no obligation to revise or update these forward looking statements except
as required by law.
SOURCE: Laurion Mineral Exploration Inc.